According to researcher, the Global Radio Frequency (RF) Test Equipment market is estimated at $4.94 billion in 2015 and is expected to reach $7.50 billion by 2022 growing at a CAGR of 6.1% from 2015 to 2022. Some of the factors driving the market growth are MIMO technology, adoption of 802.11ac, a wireless networking standard, and rising demand for continuous connectivity and large bandwidth has increased due to the growing market for devices such as smartphones and tablets. However, Size of the equipment is the restraining the market.

In 2015, smartphones are the largest revenue contributor to the market and accounts for a revenue share of more than 35%. The increasing acceptance of smart devices has expanded the market globally. America accounted for more than 35% of the market share during 2015 and is expected to grow at a CAGR of more than 5% during the forecast period. The integration of latest features in test equipment and the rising requirement from the electronics sector are the main factors driving the market in the America.